Saturday, March 15, 2008

FRINGE BENEFIT TAX


  • ESOP definition clarified to include securities offered under the option/ scheme.
  • Excluded from Purview:
  • Expenditure on prepaid electronic meal card use able only at eating joints, subject to conditions.
  • Crèche Facility
  • Sponsorship of Sports of Employees
  • Sports events for employees
  • Guest House Maintenance expenses
  • Value of Fringe Benefit on festival celebration reduced from 50 percent to 20 percent of total expenses.

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